G10: Here Are The Most Extreme 'Risk Neutral' FX Trades - SocGen

By eFXdata — May 13 - 03:00 PM

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Societe Generale Research flags a selection of 'risk-neutral trades in G10FX.

"The most extreme ‘risk neutral' trades here would be to sell USD/SEK and NZD/JPY, looking for USD/SEK to fall if global risk sentiment remains robust, and NZD/JPY to fall if risk sentiment deteriorates," SocGen notes.

"CHF/JPY shorts stand out as well, which is a variant on short EUR/JPY, dependant on the SNB is going to stand by its defence of EUR/CHF 1.05," SocGen adds.